Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Constructive evidenceCoverage 5/5 core metrics11 filing-based checks were evaluable.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- No current rule-based risk flags
11 filing-based checks were evaluable.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +12.1% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin improved
Operating margin changed +1.2 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- Free cash flow was positive
Latest reported free cash flow was $554M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-21
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Product$2.98B85.1%+12.8% yoy
- Service$521M14.9%+8.3% yoy
Members sum to the consolidated $3.5B for this period.
- United States$2.55B72.8%+11.4% yoy
- Other Foreign Countries$753M21.5%+7.6% yoy
- United Kingdom$197M5.6%+46.7% yoy
Members sum to the consolidated $3.5B for this period.
- Product$777M84.1%+4.1% yoy
- Service$147M15.9%+13.0% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,060 US-listed filers · 808 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $3.5B | 75thof 3,247 top third | 77thof 769 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 12.1% | 66thof 3,083 middle third | 57thof 735 middle third |
Gross margin gross profit ÷ revenue | 37.2% | 48thof 1,585 middle third | 37thof 552 middle third |
Operating margin operating income ÷ revenue | 18.1% | 82ndof 2,777 top third | 82ndof 742 top third |
Net margin net income ÷ revenue | 13.8% | 78thof 3,212 top third | 79thof 761 top third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 15.8% | 78thof 2,640 top third | 67thof 692 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 19.1% | 85thof 3,520 top third | 79thof 713 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.6% | 80thof 2,852 top third | 90thof 719 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 97 days | 12thof 2,373 bottom third | 17thof 706 bottom third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 0.9× | 66thof 1,524 middle third | 57thof 334 middle third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 1.3× | 42ndof 2,243 middle third | 36thof 427 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -3.1% | 39thof 3,845 middle third | 28thof 769 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 0.2% | 58thof 3,301 middle third | 58thof 678 middle third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 5 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Deferred revenue (current) DeferredRevenueCurrent | balance at 2022-12-31 | $242M 10-K 2023-02-22 | $255M 10-K 2024-02-20 | +5.1% | first · latest · 5 filings carry it |
| Net income NetIncomeLoss | fiscal year 2021-12-31 | $267M 10-K 2022-02-24 | $263M 10-K 2024-02-20 | -1.6% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2021-12-31 | $383M 10-K 2022-02-24 | $377M 10-K 2024-02-20 | -1.4% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | fiscal year 2021-12-31 | $933M 10-K 2022-02-24 | $928M 10-K 2024-02-20 | -0.6% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2022-12-31 | $1.99B 10-K 2023-02-22 | $1.98B 10-K 2024-02-20 | -0.6% | first · latest · 5 filings carry it |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for CW yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.